P.A.W. Capital Corp Sells 2,000 Shares of Exxon Mobil Co. (NYSE:XOM)

P.A.W. Capital Corp trimmed its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 16.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,000 shares of the oil and gas company’s stock after selling 2,000 shares during the period. P.A.W. Capital Corp’s holdings in Exxon Mobil were worth $856,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Exxon Mobil by 7.2% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,048 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 404 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Exxon Mobil during the 4th quarter worth $1,451,000. Jag Capital Management LLC raised its position in Exxon Mobil by 12.5% during the 4th quarter. Jag Capital Management LLC now owns 4,818 shares of the oil and gas company’s stock worth $295,000 after purchasing an additional 535 shares during the last quarter. IHT Wealth Management LLC raised its position in Exxon Mobil by 3.5% during the 4th quarter. IHT Wealth Management LLC now owns 29,816 shares of the oil and gas company’s stock worth $1,824,000 after purchasing an additional 1,021 shares during the last quarter. Finally, LPL Financial LLC raised its position in Exxon Mobil by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,965,564 shares of the oil and gas company’s stock worth $181,463,000 after purchasing an additional 186,163 shares during the last quarter. 56.84% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $90.57 on Friday. Exxon Mobil Co. has a 52 week low of $55.28 and a 52 week high of $105.57. The company’s 50 day moving average price is $93.05 and its two-hundred day moving average price is $89.79. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $377.46 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 70.8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares in the company, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Truist Financial lowered their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Piper Sandler lowered their target price on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, September 12th. HSBC lifted their price objective on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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